Fitch Gives Atlantic Specialty An Upgrade
NU Online News Service, April 7, 3:15 p.m. EDT?Fitch Ratings said it has upgraded the insurer financial strength of Atlantic Specialty Insurance Company to "A" from "triple-B-minus," following its acquisition by OneBeacon Insurance Company, a unit of Bermuda-based White Mountains Insurance Group, Ltd.[@@]
This rating action, Fitch said, now brings Atlantic Specialty's rating in line with the "A" financial strength rating of OneBeacon's intercompany pool. Atlantic Specialty, Fitch said, has been added as a pooled participant of OneBeacon, retroactive to Jan. 1.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
